10537oam 22005293 450 991096772770332120251116200945.01-5231-3043-1(CKB)4100000011508662(MiAaPQ)EBC6468136(BIP)54368311(EXLCZ)99410000001150866220240219d2016 uy 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierFundamentals of Oil and Gas Law1st ed.Tulsa, OK :PennWell Books, LLC,2016.©2016.1 online resource (671 pages)1-59370-361-9 Cover -- Title page -- Copyright -- Contents -- Illustrations -- Tables -- Acknowledgments -- 1 National Laws -- Introduction -- National Laws -- Families of National Legal Systems -- The Common Law System -- The Civil Law (Code) System -- Islamic Law -- Do Contracts Make Law? -- Additional Resources -- Problems -- Notes -- 2 International Law -- What Is International Law, of What Does It Consist, and What Are Its Practical Limitations for International Oil and Gas? -- Limitations of International Law in Its Present Form -- Is International Law Really Law? -- International Law and National Law in the Hierarchy of Law -- Additional Resources -- Problems -- Notes -- 3 Treaties Promoting International Trade and Producer-, Consumer-, and Investor-State Interests -- International Trade Agreements -- The World Trade Organization (WTO) -- Free Trade Area Agreements -- The European Union (EU) -- NAFTA and the Latin American Regional Trade Agreements -- The Organization of Petroleum Exporting Countries (OPEC) -- The International Energy Agency (IEA) -- Additional Resources -- Problems -- Notes -- 4 National Export Controls, Foreign Investment Restrictions, Sanctions, Embargoes, and Boycotts -- General Considerations -- Export Controls -- Foreign Investment Restrictions -- US Law Restrictions on Foreign Investments -- Sanctions, Embargoes, and Boycotts -- Additional Resources -- Problems -- Notes -- 5 Dispute Resolution and Its Varieties -- Varieties of Dispute Resolution Methods -- Government Court Litigation as an Important Alternative -- Comparing Common Law System Litigation with Civil Law (Code) System Litigation -- Noncriminal Litigation in a Common Law System -- Contrasted with Litigation in a Civil Law (Code) System -- Advantages and Disadvantages of Each Litigation System -- Additional Resources -- Problem -- Notes.6 Dispute Resolution Continued: Arbitration -- General Characteristics of Arbitration -- Laws and Treaties Favoring Arbitration -- Established Arbitration Institutions -- Drafting the Arbitration Provision -- The Institutional Procedures -- Summary of Advantages and Disadvantages of Arbitration -- When Arbitration May Be a Bad Choice -- Additional Resources -- Problem -- Notes -- 7 State Jurisdiction to Regulate, Enforce, and Adjudicate -- The Meanings and Categories of State Jurisdiction -- Regulatory Jurisdiction -- Enforcement Jurisdiction -- Adjudicatory Jurisdiction and Related Issues -- Four Important Treaties that Set Standards for Adjudicatory Jurisdiction -- Recognition and Enforcement of Arbitration Awards -- Additional Resources -- Problems -- Notes -- 8 Special Defenses for States and State-Owned Oil and Gas Companies -- Sovereign Immunity -- The Act of State Doctrine -- Contract and Treaty Waivers of Special Defenses -- Additional Resources -- Problems -- Notes -- 9 Sovereignty Over and Ownership of Onshore Oil and Gas-Sovereignty Disputes between States -- General Patterns of Sovereignty and Onshore Oil and Gas Ownership -- Factors Complicating the US Pattern of Private Ownership -- Factors Complicating the Pattern of State Ownership -- Sovereignty Disputes between States -- Effects of a Land Dispute Continued into the Offshore Waters and Seabed -- Additional Resources -- Problems -- Notes -- 10 Sovereignty Over and Ownership of Offshore Oil and Gas-The Law of the Sea and Joint Development Zones -- Introduction -- Pre-UNCLOS History -- The UNCLOS Water and Seabed Zones -- States' Rights and Obligations within the Zones -- The Deep Seabed Regime, Developed States' Objections, and Present Status -- Joint Development Zones -- Additional Resources -- Problems -- Notes -- 11 Negotiation and Bidding -- Introduction.The EU Hydrocarbon Licensing Directive -- Licensing in the United Kingdom -- US Government Offshore Leasing Procedures -- Additional Resources -- Problem -- Notes -- 12 Host Country Development Arrangements and Their Varieties -- Introduction to the Four Basic Models of Host Country and Multinational Oil Company Development Arrangements -- Historical Background -- The Concession (License) Model -- The Government Participation Model -- The Production Sharing Model -- The Service Contract Model -- Practical Consequences of Categorizations -- Additional Resources -- Problem -- Notes -- 13 Modern Development Arrangements: Contract Provisions -- Size of the Grant -- Duration of the Grant -- Host Country Control over Development -- Management Rights Reserved to the Host Country -- Compensation, Cost, and Cost Recovery Issues -- Local Employment, Subcontracting, and Content Requirements -- Sales of Production to State-Owned Oil Companies -- Local Delivery of Production -- Other Important Provisions: Dispute Resolution, Stabilization, Force Majeure, Unitization, and Abandonment -- Additional Resources -- Problems -- Notes -- 14 Compensation, Cost, and Cost Recovery Issues in Modern Development Arrangements -- Licenses and Concessions (Concessionary Systems) -- Government Participation in the License/Concession -- Production Sharing Contracts (the Contractual System) -- Service Contracts -- Additional Resources -- Problem -- Notes -- 15 Participations and Joint Operating Agreements -- Participation Agreements: Bidding Agreements and Farmouts -- Joint Operating Agreements and Highlights of the AIPN Model Form -- Additional Resources -- Notes -- 16 Drilling Contracts and Service Agreements -- Drilling Contracts -- Model Contracts and the Master Service Agreement -- Additional Resources -- Notes -- 17 Environmental Protection Laws.Conflicting Interests Shaping Environmental Laws -- General Shape of National and International Environmental Law -- The Kyoto Protocol, Copenhagen Conference, and Paris Agreement -- EU Environmental Law -- US National Environmental Law and the NEPA -- Additional Resources -- Problems -- Notes -- 18 Decommissioning and Liability for Spills and Transboundary and Maritime Pollution -- The Exxon Valdez Spill and Its Aftermath -- Other Major Ocean Spills prior to 2010 -- History and Magnitude of the Decommissioning Problem -- Summary of Major Treaties Relating to Maritime Pollution and Decommissioning Liability -- Spill and Pollution Liability and Decommissioning Responsibility under National Law -- Contract Allocation of Spill Liability and Decommissioning Responsibility -- Additional Resources -- Problem -- Notes -- 19 Indemnity and Insurance Issues -- Distinctions Between Indemnity, Release, and Insurance -- Indemnity Agreements -- Insurance Coverage -- Additional Resources -- Problem -- Notes -- 20 Bribery of Foreign Officials -- The US Foreign Corrupt Practices Act -- Treaties and Other National Laws Criminalizing Foreign Bribery -- Warning Signs and Prevention of Foreign Bribery -- Additional Resources -- Problem -- Notes -- 21 Land Transportation of Oil and Gas and Natural Gas Regulation -- Natural Gas Economics -- Regulatory Issues -- and Transportation, Delivery, and Market Structures -- US Regulation of Natural Gas and Natural Gas Pipelines -- EU Regulation of the European Gas Market -- Gas Regulation in the UK -- Planning for Cross-Border Pipeline Projects -- The Energy Charter Treaty's Transit Provisions -- Additional Resources -- Problem -- Notes -- 22 Seaborne Transportation of Oil and Gas -- Regulation of Tanker Transportation of Oil and Gas -- LNG Transportation and LNG Fixed Facilities -- Additional Resources -- Problems -- Notes.23 Expropriation and Privatization Issues -- General Considerations -- Expropriation under Customary International Law -- Expropriation Compensation and Expropriation Insurance -- Privatization -- The Energy Charter Treaty and Other Treaties Dealing with Expropriation -- Additional Resources -- Problems -- Notes -- 24 The Basic Financing Framework -- Introduction -- Major Sources of Financing -- Project Finance as an Example of Financing -- Spending and Savings: What Do Countries and Companies Do with Their Money? Expenses, Reserve Replacement, and Sovereign Wealth Funds -- Comparisons and Contrasts: Financial Analysis of Individual Companies -- Additional Resources -- Problems -- Notes -- 25 Operation and Regulation of Energy Markets -- The Basic Derivatives: Forward Contracts, Futures Contracts, and Options -- More Complex Derivatives -- Regulation of Derivatives and of Their Markets -- Carbon Emissions: Trading and Derivatives -- Additional Resources -- Problems -- Notes -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- K -- J -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- X -- Y -- W -- Z.Fundamentals of International Oil & Gas Law provides a foundation for understanding legal problems commonly encountered in conducting business in the oil and gas industry. Written for a global audience, William Hughes devotes substantial attention to industry legal problems arising under non-U.S. legal systems like those in the European Union and Islamic law regimes. Including case studies, and end of chapter questions and notes, Fundamentals of International Oil & Gas Law is an excellent desk reference, course textbook, or introductory guide to this important subject matter.Petroleum industry and tradePetroleum law and legislationNatural gasLaw and legislationInternational lawPetroleum industry and trade.Petroleum law and legislation.Natural gasLaw and legislation.International law.343.07/72Hughes William58941MiAaPQMiAaPQMiAaPQBOOK9910967727703321Fundamentals of Oil and Gas Law4480642UNINA